Investors' Soapbox PM

DirecTV-Dish Deal Not Likely Soon

Morgan Stanley says the combo could happen in the longer term.

December 5, 2013

Morgan Stanley

After years of relative dormancy, we believe some consolidation in cable is possible (if not likely) in 2014, but we do not expect any consolidation to swing the balance of power away from content owners.

Sparked by Liberty Media (ticker: LMCA) taking a 27% stake in Charter Communications (CHTR), there has been broad media reportage about consolidation in the U.S. cable industry, focusing on the possible sale...